Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh’s stocks extend gaining streak for second day
Bangladesh’s stocks extended the winning spell for the second day in a row on Wednesday as investors continued their buying appetite on selective large-cap stocks ahead of year-closing.
Saudi Arabia, UAE to roll out VAT in 2018
Saudi Arabia and the United Arab Emirates have long lured foreign workers with the promise of a tax-free lifestyle.
Indian rupee weakens to 64.18 as dollar holds steady
The Indian rupee weakened by 10 paisa to 64.18 against the dollar due to strengthening of the greenback against other currencies overseas. The US currency held on to its advantage because of unabated month-end demand from importers and banks amid foreign capital outflows.
Realty, oil & gas stocks pull Sensex down 99 points
The Sensex and Nifty retreated from record highs hit earlier in the day due to profit-booking by funds and retail investors in recent outperformers amid firm global cues.
Asia closes mixed after oil cracks $60; China underperforms
Asian markets closed mixed in Wednesday trade, as Australian and Japanese energy names rose after oil touched a more than two year high overnight. Meanwhile, South Korea’s Kospi index reversed early losses as blue-chip tech names rebounded.
Gold rises on weakening dollar, palladium hits 17-year peak
Gold rose for an eighth straight session on Wednesday as a retreat in the dollar encouraged some investors to buy into the metal, while this year’s leading precious metal palladium hit another near 17-year peak.
Oil remains near 2015 highs on tight market outlook
Oil prices on Wednesday remained near two-and-a-half year highs from the previous session as the market outlook for 2018 is relatively tight, although the gradual resumption of flows through a major North Sea pipeline prevented crude from rising.
Top 5 things to know in the market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday, December 27.